PWER vs QQQ
Nomura Energy Transition ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. PWER delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | PWER | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.18% | |
| AUM | $13M | $496.3B | |
| Dividend Yield | 0.80% | 0.44% | |
| Holdings | 35 | 108 | |
| YTD Return | +26.39% | +19.52% | |
| 1Y Return | +52.93% | +26.68% | |
| 3Y Return (annualized) | - | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 20.4% | 30.6% | |
| Max Drawdown | -30.0% | -83.0% | |
| Fund Family | Nomura Asset Management Co Ltd | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 28, 2023 | Mar 10, 1999 |
PWER vs QQQ Performance
Nomura Energy Transition ETF (PWER) is a ETF from Nomura Asset Management Co Ltd and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PWER returned +52.93% while QQQ returned +26.68%. Year to date, PWER is up 26.39% versus a gain of 19.52% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 20.4% for PWER. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -30.0% for PWER and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PWER charges 0.79% per year while QQQ charges 0.18%. On a $10,000 position that is $79 vs $18 annually, a gap of $61 per year that compounds over a long holding period. On income, PWER currently yields 0.80% against 0.44% for QQQ.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, PWER or QQQ?
PWER has an expense ratio of 0.79% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, PWER or QQQ?
Over the past year PWER returned +52.93% vs +26.68% for QQQ, so PWER leads on 1-year performance. Over the longest common window we track (3 years), PWER annualized +25.17% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, PWER or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 20.4% for PWER. Worst drawdown: PWER -30.0% vs QQQ -83.0%.
Should I hold both PWER and QQQ?
PWER and QQQ have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PWER and QQQ?
PWER and QQQ share 2 common holdings with a 0.7% weight overlap. Combined, they hold 132 unique securities.
Which pays a higher dividend, PWER or QQQ?
PWER yields 0.80% while QQQ yields 0.44%, so PWER currently pays the higher dividend yield.
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